This content is restricted to site members. If you are an existing user, please log in. New users may register below.
Stupidity Tax
Views: 387 Adam Smith, who is considered to be the father of economics, called lottery a “tax on stupidity”. Why? Because the odds of winning are so low that you have a better chance of getting hit by lightening several times. In other words, it is stupid to participate in a game where your odds of losing are millions of times higher than your odds of winning. What would happen if you decide to invest your lottery money instead of buying lottery tickets? In 2009, an average Canadian adult spent $549 on gambling per year. If you invest $549 every …
